Question: Given is a decision payoff table. a) The best decision under uncertainty using MAXIMAX is to select Blank 1 facility b) The best decision under

Given is a decision payoff table. a) The bestGiven is a decision payoff table. a) The best

Given is a decision payoff table. a) The best decision under uncertainty using MAXIMAX is to select Blank 1 facility b) The best decision under uncertainty using MAXIMIN is to select Blank 2 facility c) The best decision under uncertainty using LAPLACE/EQUALITY LIKELY is to select Blank 3 facility d) If the probabilities for Future Demand when it is Low =0.35, Moderate =0.30, and High =0.35, the expected monetary value (EMV) for the large facility =Blank4. e) If the probabilities for Future Demand when it is Low =0.35, Moderate =0.30, and High =0.35, the best decision under risk is to select Blank 5 facility

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